1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.725 to $7.750, inclusive. The reporting person undertakes to provide to Gramercy Property Trust (the "Company"), any security holder of the Company or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

/s/ Thomas D. Eckert by Jon W. Clark, his attorney-in-fact

12/28/2015

** Signature of Reporting Person

Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person,
see
Instruction
4
(b)(v).